THEORY FINANCIAL LLC
Long book
$284.9M
Q1 2026
Positions
94
Top-10 weight
39%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsTHEORY FINANCIAL LLC is a wealth-management firm allocating client money, specialised in financials (67% of the long book), running a $284.9M US long book across 94 positions.
The portfolio is moderately concentrated (top 10 ≈ 39% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US AGGREGATE BOND ETF, SS COMM SELECT SECTOR SPDR, ISHARES MBS ETF, SIMPLIFY MANAGED FUTURES ST, ISHARES 5-10Y INV GRADE CORP.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+5.3%
Q3 2024
+0.0%
Q4 2024
-1.9%
Q1 2025
+5.4%
Q2 2025
+5.5%
Q3 2025
+1.6%
Q4 2025
-1.0%
Q1 2026
+8.3%
Sector allocation
Technology 34%
Healthcare 26%
Energy 17%
Financials 16%
Consumer discretionary 8%
Long book by quarter
What does THEORY FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ALNY ALNYLAM PHARMACEUTICALS INC | Healthcare | 2.7K | $908K | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.2K | $586K | 0.2% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 2.0K | $581K | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 3.2K | $540K | 0.2% | Held |
| AAPL APPLE INC | Technology | 2.0K | $502K | 0.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.2K | $462K | 0.2% | Held |
| CVX CHEVRON CORP | Energy | 1.8K | $378K | 0.1% | -23.9% |
| LLY ELI LILLY & CO | Healthcare | 326 | $300K | 0.1% | +32.0% |
| MSFT MICROSOFT CORP | Technology | 781 | $289K | 0.1% | +9.7% |
| JPM JPMORGAN CHASE & CO | Financials | 939 | $276K | 0.1% | Held |
| AVGO BROADCOM INC | Technology | 809 | $250K | 0.1% | -5.3% |
| NVDA NVIDIA CORP | Technology | 1.4K | $243K | 0.1% | +6.0% |
| ABBV ABBVIE INC | Healthcare | 944 | $205K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 94 | $284.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 101 | $296.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 90 | $283.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 84 | $263.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 81 | $237.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 74 | $239.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 66 | $226.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 24, 2024 | 68 | $211.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 73 | $196.4M | canonical | SEC ↗ |